Vishay Intertechnology, Inc. $VSH Position Increased by Alight Capital Management LP

Key Points

• Alight Capital Management LP increased its stake in Vishay Intertechnology, Inc. by 25%, now holding 125,000 shares, which makes up 0.9% of its portfolio.
• Vishay has faced a downgrade from a "hold" to a "sell" rating by Wall Street Zen, while the stock currently holds a consensus price target of $19.00.
• The company recently announced a quarterly dividend of $0.10 per share, with an annual yield of 2.7%, payable on September 25th.

Alight Capital Management LP increased its stake in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 25.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,000 shares of the semiconductor company's stock after buying an additional 25,000 shares during the quarter. Vishay Intertechnology comprises 0.9% of Alight Capital Management LP's portfolio, making the stock its 28th largest position. Alight Capital Management LP owned about 0.09% of Vishay Intertechnology worth $1,988,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Covestor Ltd grew its stake in shares of Vishay Intertechnology by 10.5% in the first quarter. Covestor Ltd now owns 12,131 shares of the semiconductor company's stock valued at $193,000 after buying an additional 1,156 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Vishay Intertechnology by 10.1% in the first quarter. National Bank of Canada FI now owns 16,123 shares of the semiconductor company's stock valued at $257,000 after buying an additional 1,479 shares in the last quarter. CWM LLC grew its stake in shares of Vishay Intertechnology by 76.0% in the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock valued at $55,000 after buying an additional 1,500 shares in the last quarter. New York State Teachers Retirement System grew its stake in Vishay Intertechnology by 1.2% during the 1st quarter. New York State Teachers Retirement System now owns 162,070 shares of the semiconductor company's stock valued at $2,577,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Ellevest Inc. grew its stake in Vishay Intertechnology by 15.9% during the 4th quarter. Ellevest Inc. now owns 14,897 shares of the semiconductor company's stock valued at $252,000 after purchasing an additional 2,046 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $19.00.

Insider Activity at Vishay Intertechnology

In related news, Director Michael J. Cody purchased 3,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $16.12 per share, with a total value of $56,420.00. Following the acquisition, the director owned 60,169 shares in the company, valued at approximately $969,924.28. This trade represents a 6.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.32% of the company's stock.

Vishay Intertechnology Stock Performance

Shares of VSH traded up $0.24 during mid-day trading on Friday, hitting $15.56. The stock had a trading volume of 917,955 shares, compared to its average volume of 1,424,364. The company has a market cap of $2.11 billion, a PE ratio of -23.94 and a beta of 1.15. The company's fifty day simple moving average is $16.08 and its two-hundred day simple moving average is $15.26. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $20.15.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $762.25 million during the quarter, compared to analyst estimates of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.Vishay Intertechnology's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. On average, equities analysts expect that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 2.6%. Vishay Intertechnology's dividend payout ratio (DPR) is presently -61.54%.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.